Willis Towers Watson Public (NASDAQ:WTW) Announces Earnings Results

Willis Towers Watson Public (NASDAQ:WTW) announced its quarterly earnings results on Thursday. The company reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $2.28 by $0.27, Briefing.com reports. The firm had revenue of $2.27 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Willis Towers Watson Public had a return on equity of 16.97% and a net margin of 11.24%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period in the prior year, the business posted $2.05 earnings per share. Willis Towers Watson Public updated its FY 2024 guidance to 16.000-17.000 EPS and its FY24 guidance to $16.00-17.00 EPS.

Willis Towers Watson Public Trading Up 2.0 %

NASDAQ:WTW traded up $5.49 during mid-day trading on Friday, hitting $283.09. The company had a trading volume of 713,853 shares, compared to its average volume of 369,582. Willis Towers Watson Public has a fifty-two week low of $195.29 and a fifty-two week high of $283.49. The business’s fifty day moving average is $259.63 and its two-hundred day moving average is $262.02. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.89 and a current ratio of 1.94. The firm has a market cap of $28.94 billion, a P/E ratio of 28.39, a P/E/G ratio of 1.60 and a beta of 0.73.

Willis Towers Watson Public Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 15th. Shareholders of record on Sunday, June 30th were paid a $0.88 dividend. This represents a $3.52 annualized dividend and a yield of 1.24%. The ex-dividend date of this dividend was Friday, June 28th. Willis Towers Watson Public’s payout ratio is 35.31%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Evercore ISI boosted their price objective on Willis Towers Watson Public from $290.00 to $295.00 and gave the stock an “in-line” rating in a research note on Friday, April 26th. Truist Financial boosted their price objective on Willis Towers Watson Public from $310.00 to $335.00 and gave the stock a “buy” rating in a research note on Friday. Roth Mkm boosted their price objective on Willis Towers Watson Public from $300.00 to $315.00 and gave the stock a “buy” rating in a research note on Friday. Piper Sandler boosted their price objective on Willis Towers Watson Public from $297.00 to $303.00 and gave the stock an “overweight” rating in a research note on Friday, April 26th. Finally, Keefe, Bruyette & Woods cut their price target on Willis Towers Watson Public from $317.00 to $311.00 and set an “outperform” rating on the stock in a research note on Monday, May 6th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $299.36.

Willis Towers Watson Public Company Profile

Willis Towers Watson Public Limited Company operates as an advisory, broking, and solutions company worldwide. It operates through two segments: Health, Wealth & Career and Risk & Broking. The company offers strategy and design consulting, plan management service and support, broking and administration services for health, wellbeing, and other group benefit program, including medical, dental, disability, life, voluntary benefits and other coverages; actuarial support, plan design, and administrative services for pension and retirement savings plans; retirement consulting services and solutions; and integrated solutions that consists of investment discretionary management, pension administration, core actuarial, and communication and change management assistance services.